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To Write Off a Transaction That Was Charged a Sales

Question 8

Multiple Choice

To write off a transaction that was charged a sales tax:


A) use a journal entry to move the customer's balance (credit) to the Bad Debt Expense account (debit)
B) use a journal entry to move the customer's balance (credit) to Allowance for Uncollectable Accounts (debit)
C) use the Credit Memo window
D) use the Receive Payments window (Discount Info button)

Correct Answer:

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